by Savvysite | Dec 18, 2018 | Investing, Retirement Planning, SWWM, The Savvy Minute
There are several ways that you can make passive income for retirement. Typically, passive income is earnings derived with little of no effort on the part of the person receiving it. However, there can be upfront time and or money commitments before you start reaping...
by Savvysite | May 21, 2018 | Financial Planning, Retirement Planning, SWWM
“What are 401k Catch Up Contributions?” Contributions to a traditional 401k are limited to $18,500 in 2018. If you are over age 50, then you may be eligible to set aside up to $24,500 in 2018. That’s an additional $6000 of salary deferral just for being over 50. A...
by Savvysite | Apr 24, 2018 | Retirement Planning, The Savvy Minute
“What is a SIMPLE IRA?” This is Catherine Magana with your Savvy Minute. Today I will give you another easy way tip for you to get Savvy about your finances. Today’s tip will cover “What is a SIMPLE IRA?” A SIMPLE IRA, is a Savings Incentive Match Plan for Employees...
by Savvysite | Mar 9, 2018 | Retirement Planning, SWWM, The Savvy Minute
Today’s tip will cover “What is a SEP IRA?” A SEP IRA, is a Simplified Employee Pension Individual Retirement Account used by business owners to provide a simplified method to contribute to their employees’ retirement and their own retirement savings. A SEP does not...
by Savvysite | Mar 7, 2018 | Investing, Retirement Planning
Today’s Financial Planning tip will cover “What is a Roth IRA?” A Roth IRA, is an Individual Retirement Account used by individuals to save for retirement with after tax income that grows tax free and distributions are tax free. However, there are certain rules and...
by Savvysite | Feb 23, 2018 | Retirement Planning, The Savvy Minute, Uncategorized
Today’s Financial Planning tip will cover “What is an IRA?” An IRA, is an Individual Retirement Account that is an investing vehicle used by individuals to save for retirement with tax free growth. What this means for you is that once the money is contributed in the...
